FDR

It becomes a question of control.

Such legislation places the right, title and ownership to our gold reserves in the Government itself.

I now recommend that the Emergency Farm Credit Act of 1933 be amended to provide responsibility by the Government for the payment of the principal of, as well as interest on, bonds issued.

We should supplement what most of us frankly believe to be the moral responsibility of the Government by adding the necessary legal responsibility.

I request the consideration of ratification by the Senate of the so-called St. Lawrence Treaty with Canada.

The result of providing a bond on which both the principal and interest are guaranteed would be to put such bonds on a par with Treasury securities.

It is, I believe, a historic fact that every great improvement directed to better commercial communications... have all been subjected to opposition on the part of local interests.

I am convinced that the building of the St. Lawrence Seaway will not injure the railroads or throw their employees out of work.

There are two main considerations, navigation and power.

I am satisfied that the treaty contains adequate provision for the needs of the Chicago Drainage District and for navigation between Lake Michigan and the Mississippi River.

The percentage of reduction applicable under section 2 (b), in determining the compensation of officers and employees to be paid during the period from January 1, 1934, to June 30, 1934, inclusive, is 15 per centum.

I consider it most auspicious that the Government of the Union of Soviet Socialist Republics should have selected as its first Ambassador to this country not only one of its most distinguished citizens but also one whose friendly feelings…

A deep love of peace is the common heritage of the people of both our countries.

Any functions and powers which are hereby delegated and transferred to the Administrator of the National Recovery Administration... may... be redelegated to the Secretary of Agriculture or be delegated to the Administrator of the National…

The foundation has now been laid for the development of genuinely friendly relations and close cooperation between the Governments of the United States of America and the Union of Soviet Socialist Republics.

It is hereby ordered that all executive departments ... shall hereafter submit to the Director of the Budget a weekly report.

Disorder is not an American habit.

Without regard to party, the overwhelming majority of our people seek a greater opportunity for humanity to prosper and find happiness.

The Director of the Bureau of the Budget may, with the approval of the President, defer for a period not exceeding 60 days the application of the provisions of this order

The excess of expenditures over receipts during this fiscal year amounts to over 7 billion dollars.

No further obligation shall be incurred for the expenditure of any emergency appropriation or other available emergency fund

Civilization cannot go back; civilization must not stand still.

I cannot, unfortunately, present to you a picture of complete optimism regarding world affairs.

It is clear that the necessity for relief and recovery will still be with us during the year 1934-35.

The program itself comes from the American people.